Business

U.S. regulators and the wireless industry are pushing back against a plan under discussion by the Trump administration to build a secure 5G network, possibly with government control, amid concerns about China and cybersecurity, according to Bloomberg.

The eye-popping $38 billion tax bill that Apple said it plans to pay on its mammoth pile of accumulated foreign earnings will probably hit federal coffers in an eight-year trickle, not a one-time torrent, according to Bloomberg.

Microsoft will start adding new video games, including upcoming “Halo” and “Gears of War,” to a monthly subscription service it introduced last year in an effort to lure gamers from Sony and Nintendo, according to Bloomberg.

Intel surged to a 17-year high after giving an upbeat quarterly and annual sales forecast, signaling optimism that demand will persist even as the industry scrambles to fix vulnerabilities in its PC and server chips, according to Bloomberg.

Cryptocurrencies slumped after one of Japan’s biggest Bitcoin venues halted client withdrawals, spooking investors in a country that’s still wary of digital-token exchanges four years after the collapse of Mt. Gox, according to Bloomberg.

Uber will be profitable in three years as its ride-hailing business matures and the company reaps the rewards from investments in areas such as autonomous vehicles, said CEO Dara Khosrowshahi, according to Bloomberg.

As a result of the changed regulation, American Express will be discontinuing all of their bank licensing partnerships within the European Union, including Croatia, over the next one to two years, and no new licenses will be issued. This decision does not impact other American Express businesses. The decision to discontinue their bank licensing business applies to the European Economic Area, including Croatia.

IBM and Salesforce announced an expansion of their strategic partnership, bringing together IBM Cloud and Watson services with Salesforce Quip and Salesforce Service Cloud Einstein to enable companies to connect with their customers and collaborate more effectively with deeper insights.

Paris is gaining ground as a European hub for artificial intelligence research as Google and Facebook pledge to hire staff and invest in labs, after their top executives met with French President Emmanuel Macron, according to Bloomberg.

Qualcomm must shell out 997 million euros in fines after the European Union’s antitrust arm said the payments were an illegal ploy to ensure only its chips were used in iPhones and iPads, according to Bloomberg.

The U.S. dropped out of the top 10 in the 2018 Bloomberg Innovation Index for the first time in the six years the gauge has been compiled. South Korea and Sweden retained their No. 1 and No. 2 rankings, according to Bloomberg.

Facebook, which is cutting the amount of news in its news feed, will prioritize information from the publishers that remain on the social network by measuring how trustworthy they are, according to Bloomberg.

Google is launching a new online education program to certify people for work in information technology support, part of the internet giant’s philanthropic push around job training, according to Bloomberg.